Sasatel (Dovetel)

The company rolled out a 3G wireless (based on Code Division Multiple Access (CDMA)) national network[1] benefiting from the demand for data and broadband services to both high-end residential and corporate customers.

In addition to CDMA modems and routers, Sasatel offers WiMAX solutions[2] providing greater bandwidth.

Sub-Saharan Africa-focused infrastructure investor, PMEA African Infrastructure Opportunities plc (LON: PMEA), the Sovereign Wealth Fund of the Qatar Investment Authority (2007 Alternative Investment Market listing) held a 65% interest in Dovetel.

Facing increased competition from existing operators (in terms of technological advances, as well as the need to expand and improve the network to compete), on 28 June 2012, a pioneer in socially responsible (SRI) activist investing in Tanzania secured a secondary sale of the business as an ongoing concern from PMEA.

To empower local shareholders to unlock value, a strategy of optimising yield was pursued which has generated standout returns in an otherwise tight market.